bank/lender for rural property wa

Viewing 5 posts - 1 through 5 (of 5 total)

poida5
Member
@poida5
Join Date: 2011
Post Count: 6
September 10, 2011 - 3:31 am
Hi all.
Does anybody know which bank/lender might loan money to purcase a rural investment property?
We are having trouble with the big 4 when it comes to getting security against a rural property with short term accomodation on it.
Have a pretty good wage and the ability to raise a fair amount of the loan amount myself if need be.
Suggestions appreciated.
Richard Taylor
Participant
@qlds007
Join Date: 2003
Post Count: 12,024
September 10, 2011 - 8:40 am
Hi Poida
Sorry to appear negative but a lot more information is required to provide any form of sensible answer.
There is rural and then there is rural and no 2 are the same.
It could be size of the property, post code or something more sinister.
Let us have more details and we can all have some imput.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Mick C
Participant
@shape
Join Date: 2010
Post Count: 1,099
September 10, 2011 - 8:42 am
As Richard mentioned, more details plz.
Size
Loan amount?
LVR required?
Zoning
Postcode/location ( address if you really want)
Full doc or Low doc loan?
Whats the use of the land? farming? vacant?T constru?
What do you mean by short term accommodation ?? ( Campervan?)
Regards
Michael
Mick C | Shape Home Loans
http://www.shapehomeloans.com.au/
Email Me | Phone Me
Same Banks. Better Rates. Served With a Passion.
poida5
Member
@poida5
Join Date: 2011
Post Count: 6
September 10, 2011 - 10:16 am
pm sent
Richard Taylor
Participant
@qlds007
Join Date: 2003
Post Count: 12,024
September 10, 2011 - 11:22 am
PM answered
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender